It will host 400 companies and generate an estimated annual output of 50 billion yuan (about 7.7 billion U.S. dollars).
The park will focus on developing areas such as super high-speed big data, cloud computing, biometric identification and deep learning. Its technological infrastructure includes a 5G mobile network, supercomputer and cloud services.
The developer of the park, a company of Zhongguancun Development Group, will seek partnership with Chinese and overseas universities, research institutes and large companies to establish various research centers in the park, including a national-level artificial intelligence lab.
China aims to be a world leader in AI by 2030, with the aim of making the industry worth 1 trillion yuan.
China wants to make a “major breakthrough” in AI technology by 2025.